Business Law Basics Vocabulary Worksheet

system of rules which a country or community recognizes as regulations of its members
body of law which applies to the rights, relations and conduct of persons and businesses engaged in commerce, merchandising, trade and sales
business dispute brought to a court of law for adjudication
initial papers filed by each party of the lawsuit
document describing what the defendant did, or failed to do, which caused harm to the plaintiff
document addressing the facts and the legal claims in the complaint
period of time when parties gather relevant information from each other or from third parties
request to the court to issue an order
formal examination of evidence in a court
application to a higher court for a decision to be reversed
official agreement between disputing parties with the intention to resolve a case
process of involving a mediator, a neutral third party, to assist negotiating a settlement
proceeding in which the parties select an arbitrator, a neutral third party, to resolve their dispute
original work or invention which is the result of creativity
law dealing with rules for securing and enforcing legal rights to original ideas and inventions
written or spoken agreement which is enforceable by law
promise in exchange for performance by another party
manifestation of assent to the terms of the offer
body of law which governs oral and written agreements related to exchange of goods and services, money and properties
set of laws which encompasses the employer-employee relationship
collection of laws and regulations aimed at protecting the environment
agency of the United States federal government whose mission is to protect human and environmental health
business relationship where a principal gives legal authority to an agent to act on the principal’s behalf when dealing with a third party
relationship involving certain level of trust and confidence
one who extends or lends money or goods to an individual, business organization, or government
one borrowing from the creditor